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Kotak Mahindra Bank to redeploy resources to minimise impact of RBI's restrictions

Published: May 4, 2024

Kotak Mahindra Bank aims to redistribute resources to mitigate the effects of RBI's recent measures, which prohibited the bank from onboarding new customers online and issuing fresh credit cards. The bank emphasized its collaboration with regulators to enhance technology standards and bolster IT infrastructure through increased investments.

Source: indiatimes.com

Kotak Mahindra Bank net profit surge 18% to Rs 4133 crore

Published: May 4, 2024

India Business News: NEW DELHI: Kotak Mahindra Bank's net profit increased by 18.

Source: indiatimes.com

'Will redeploy resources to minimise impact': Kotak Mahindra Bank on RBI's order on onboarding new customers

Published: May 4, 2024

The bank said that it believes that the directions will not materially impact its overall business and it will step-up investments to fortify its IT systems.

Source: businesstoday.in